Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 397 - CORPORATE FIDUCIARY RECEIVERSHIP ACCOUNT
Section 397.30 - Quarterly Fee to Fund the Account

Universal Citation: 38 IL Admin Code ยง 397.30

Current through Register Vol. 47, No. 52, December 29, 2023

a) Each corporate fiduciary will be assessed a quarterly fee of $200 until the balance of the account reaches the maximum amount established by Section 5-10 of the Act.

b) Each Illinois trust company will be assessed an additional quarterly fee until the balance of the account reaches the maximum amount established by Section 5-10 of the Act. The additional quarterly fee will be based on the following formula:

Additional quarterly fee to be paid by each Illinois trust company

=

(4,000,000 - 8,000A)

x

B

(40)

C

Amended at 26 Ill. Reg. 1677, effective January 23, 2002

Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.